NAPS Global India IPO Day 2: Issue subscribed 39% so far; check lot size and allotment date

NAPS Global India IPO: The initial public offering of NAPS Global India has been subscribed 39% so far on Wednesday, March 5, the second day of bidding.

Retail investors have subscribed to their portion 72%, while non-institutional investors (NIIs) have booked their category 6% until 3:50 pm.

The net proceeds from the issue will be used towards funding working capital requirements and general corporate purposes.

NAPS Global India IPO lot size

An investor can bid for at least one lot size, comprising 1,600 shares aggregating to ₹1.44 lakh. High-worth individuals can bid for 3,200 shares valued at ₹2.88 lakh.

Aryaman Financial Services Ltd is the IPO's book-running lead manager, and Cameo Corporate Services Ltd is the registrar.

NAPS Global India IPO allotment and listing date

The basis of allotment will be finalised on Friday, March 7. Shares will be credited to the Demat account of successful investors on March 10, while the refund for unsuccessful investors will be processed on the same day. The listing on the BSE SME platform will occur on March 11.

About NAPS Global India

NAPS Global India Ltd imports bulk textile products from suppliers in China and Kong Kong. Its products include cotton fabrics, knitted fabrics, man-made textiles, super-soft velvet fabrics and linen fabrics, among others.

The promoters currently hold a 100% stake in the company, which will be reduced to 70.2% post listing.

The company reported a 437% increase in profit after tax (PAT) to ₹1.45 crore in the financial year 2023-24, compared to ₹27 lakh in the previous fiscal.

Revenue from operations surged 84% to ₹47.88 crore in FY24 as against ₹26.01 crore in FY23.

For the nine-month period ended December 2024, net profit and revenue stood at ₹1.53 crore and ₹52.83 crore, respectively.